Benchmark Reiterates Buy Rating on South Plains Financial, Inc.
Benchmark reaffirmed its buy rating for South Plains Financial, Inc. and set a price target of $53, a 21.87% upside from the current price.
Key Points
- Benchmark reiterated its buy rating on South Plains Financial, Inc. (SPFI) with a price target of $53 on June 26, 2026.
- Benchmark's $53 price target implies 21.87% upside from South Plains Financial, Inc.'s ($SPFI) current $43.49 share price.
- Shares of SPFI traded near $42.85 on Saturday, with a market cap of about $832.3 million and a P/E ratio of 12.18.
- Insider activity included the CEO selling 300,000 shares, and several insiders buying shares in May 2026.
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Benchmark reiterated its buy rating on South Plains Financial, Inc. (NasdaqGS: SPFI) on June 26, 2026. Analyst Brett Rabatin set a price target of $53 for the stock, which was trading near $42.85 on Saturday. This maintains their positive outlook on the company.
Benchmark vs. the S&P 500
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South Plains Financial, Inc. Stock Down 0.4%
Shares of NasdaqGS:SPFI traded around $42.85 as of Saturday. South Plains Financial, Inc. has a market cap of approximately $832.3 million and a P/E ratio of 12.18. The stock has a 52-week range between $35.34 and $45.09. It has a 50-day moving average of $41.32 and a 200-day moving average of $40.31. With a beta of 0.473, the stock is less volatile compared to the broader market.
$SPFI price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
For the recent period, South Plains Financial, Inc. reported revenue of $211.8 million, showing a growth of 10.6%. Its earnings per share (EPS) stood at $3.57, with a net margin of 28.7% and a return on equity (ROE) of 12.8%. The company is expected to release its next earnings report on July 15, 2026.
Dividend
South Plains Financial, Inc. offers an annual dividend rate of $0.68, which translates to a yield of 1.57%. The dividend payout ratio is 17.93%, indicating a sustainable dividend policy.
Insider Buying and Selling at South Plains Financial, Inc.
There has been notable insider activity at South Plains Financial, Inc. Chairman and CEO Curtis Griffith sold 300,000 shares at an average price of $41.39 on June 18, 2026. Meanwhile, on May 20, 2026, insiders Kyle Wargo, Noe Valles, Ladana Washburn, and Richard Campbell each purchased 623 shares.
Analysts Set New Price Targets
On June 26, 2026, Benchmark initiated coverage on South Plains Financial, Inc. with a buy rating and a price target of $53. Piper Sandler has also maintained its buy rating with a target of $46 on April 30, 2026. The consensus among analysts is a buy recommendation, with an average target price of $48.50 across four opinions.
About South Plains Financial, Inc.
South Plains Financial, Inc., headquartered in Lubbock, Texas, operates as a bank holding company for City Bank. It provides a range of financial services to small and medium-sized businesses and individuals. The company offers deposit products, loans, investment services, and mortgage banking services. Founded in 1941, it is led by CEO Mr. Curtis C. Griffith and employs 545 people.
Bottom Line
Benchmark's reiteration of a buy rating for South Plains Financial, Inc. and the $53 price target reflect confidence in the company's future performance. Investors often look to analyst ratings for insights, though these are based on past data and may not reflect current conditions. South Plains Financial's stable earnings and dividend policy make it a stock to watch in the regional banking sector.
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